TheStreet.com
Tesla Rival Rivian Narrowly Misses Its Bet
The upstart, seen as one of Tesla’s most serious rivals, had a nightmarish year 2022. Rivian , which started producing cars in 2021, predicted that 2022 would be the year of ramp-up or mass production. The automaker encountered many problems including major disruptions related to the supply chain, which led it to halve its initial production target of 50,000 vehicles mid-year.